Kent State contributes as much as $1,100 for employees enrolled in the single HDHP and $2,000 for employees enrolled in the family HDHP. If the HDHP plan is elected during the annual Open Enrollment period, the employer contribution will be posted to enrolled employees’ PNC HSA accounts 2-3 business days after the first pay date of the year.
Please keep in mind that Martin Luther King Day is a federal holiday during which financial institutions are generally closed. As such, it may create a slight delay in the posting of funds to your PNC HSA account.
For employees electing the HDHP plan or adding an HSA account after the first of the year, please be aware that the HSA will activate at the start of the first full month after you apply, and the employer contribution will be prorated based upon the projected number of months enrolled. For example, a single employee enrolling in mid-June can expect an employer contribution of approximately $550 posted to their HSA in early July.
Read more on our HSA/FSA page or contact the Employee Benefits office at 330-672-3107 or benefits@kent.edu for more information.
*Edited for year-round applicability on July 27, 2022